ING Groep NV lessened its position in shares of Hospitality Properties Trust (NASDAQ:HPT) by 69.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 7,626 shares of the real estate investment trust’s stock after selling 17,548 shares during the period. ING Groep NV’s holdings in Hospitality Properties Trust were worth $220,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in HPT. Principal Financial Group Inc. grew its stake in Hospitality Properties Trust by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 724,616 shares of the real estate investment trust’s stock valued at $18,362,000 after buying an additional 18,976 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of Hospitality Properties Trust during the 2nd quarter valued at $335,000. Oakbrook Investments LLC purchased a new position in shares of Hospitality Properties Trust during the 2nd quarter valued at $218,000. Nisa Investment Advisors LLC purchased a new position in shares of Hospitality Properties Trust during the 2nd quarter valued at $1,058,000. Finally, Hartford Investment Management Co. purchased a new position in shares of Hospitality Properties Trust during the 2nd quarter valued at $202,000. 74.45% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently commented on the stock. BidaskClub lowered shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. ValuEngine upgraded shares of Hospitality Properties Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, August 15th. B. Riley boosted their price target on shares of Hospitality Properties Trust from $32.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, August 13th. Finally, Zacks Investment Research lowered shares of Hospitality Properties Trust from a “hold” rating to a “sell” rating in a research report on Thursday, October 11th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Hospitality Properties Trust presently has an average rating of “Hold” and an average price target of $30.00.
Hospitality Properties Trust (NASDAQ:HPT) last announced its earnings results on Tuesday, November 6th. The real estate investment trust reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.02. Hospitality Properties Trust had a net margin of 14.31% and a return on equity of 9.32%. The company had revenue of $603.20 million during the quarter, compared to analyst estimates of $601.94 million. During the same period in the previous year, the business earned $0.52 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. Sell-side analysts predict that Hospitality Properties Trust will post 3.98 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Monday, October 29th were given a $0.53 dividend. The ex-dividend date of this dividend was Friday, October 26th. This represents a $2.12 annualized dividend and a yield of 8.07%. Hospitality Properties Trust’s dividend payout ratio (DPR) is presently 59.38%.
About Hospitality Properties Trust
Hospitality Properties Trust is a real estate investment trust, or REIT, which owns a diverse portfolio of hotels and travel centers located in 45 states, Puerto Rico and Canada. HPT's properties are operated under long term management or lease agreements. HPT is managed by the operating subsidiary of The RMR Group Inc (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, Massachusetts.
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